GOOGL vs PPL: Correlation
Measured on weekly returns over the past three years, Alphabet Inc. (Class A) (GOOGL) and PPL Corporation (PPL) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOOGL and PPL?
Over the past 3 years, GOOGL and PPL moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.33 lands near the 3-year figure. Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -133.4 %².
Within GOOGL's tracked universe of 37 assets, PPL comes in at #28 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GOOGL ahead by 67.7 points (+64.7% versus -3.0%). On a rolling one-year basis the correlation drifted between -0.35 and 0.06, a moderate band. Risk is not evenly split, since GOOGL carries 1.8 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
GOOGL vs PPL: side by side
| GOOGL (Alphabet Inc. (Class A)) | PPL (PPL Corporation) | |
|---|---|---|
| 1-year return | +64.7% | -3.0% |
| 5-year return | +137.7% | +41.1% |
| Volatility (ann.) | 31.4% | 17.4% |
| Beta vs S&P 500 | 1.22 | 0.13 |
| Max drawdown (3Y) | -29.8% | -13.3% |
| Market cap | $4,166.1B | $25.9B |
| P/E (trailing) | 17.2 | 20.7 |
| Dividend yield | 0.25% | 3.18% |
| Sector / category | Communication Services | Utilities |
Year-by-year returns
| Year | GOOGL | PPL |
|---|---|---|
| 2022 | -39.1% | +0.4% |
| 2023 | +58.3% | -3.8% |
| 2024 | +36.0% | +24.0% |
| 2025 | +66.0% | +11.4% |
| 2026 | +9.0% | -0.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOOGL and PPL good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between GOOGL and PPL?
The GOOGL/PPL correlation stands at -0.24 on a 3-year window (1 year: -0.33, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is PPL a good diversifier for GOOGL?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/googl-vs-ppl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/googl-vs-ppl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GOOGL correlations · PPL correlations
